THE CLOSE
Turnaround Tuesday was the correct trade as the dip buyers couldn't hold up the market. The DJIA closed don 240, NAZ -24 and SPX -21.
Strong sectors included shipping, semis and oils while real estate, banks and gaming lagged.
NYSE- 1150 net losers;
NAZ- 950 net losers;
VIX- flattish at 59.
Tough to get traction with out the financials and they didn't rally at all - GS GE JPM BAC all traded ugly so there was a good hint that the big cap indexes were not going to do well today.
RSI (2) near 50 on the major indexes and lets see if the dippers try again tomorrow- I suspect they will.
posted by DAVID at
4:16 PM
2 Comments:
David-
Whats your take on chicago politics now? Buyers remorse or are you a fan of the Sopranos?
Corrupt Governor in Illinois ? Not unusual - I lived in Chicago in the 70's - and they are corrupt- Daley etc- don't lump Obama in so quickly.
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